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Celebree School - Newton, MA 120 Wells Ave 14,230 SF Retail Building Newton, MA 02459 $17,334,529 CAD ($1,218.17 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- TRUE PASSIVE OWNERSHIP WITH ABSOLUTE NNN LEASE
- CONSISTENT ANNUAL RENT INCREASES PROTECT PURCHASING POWER
- PRIME LOCATION NEAR BOSTON’S ECONOMIC CORE
- NEW LONG-TERM LEASE
- STRONG DEMAND FOR EARLY EDUCATION ASSETS IN GREATER BOSTON
EXECUTIVE SUMMARY
The property underwent a comprehensive modernization in early 2024, including refreshed building systems, exterior upgrades such as a resurfaced parking area, and a complete interior transformation tailored specifically for childcare operations. A newly designed outdoor play area further enhances the facility’s functionality and appeal. Located in Newton, MA, just 10 miles from downtown Boston, the asset benefits from exceptional demographics, high household incomes, and strong demand for childcare within a tightly constrained supply of suitable facilities. With its prime regional positioning, full recent renovation, and committed tenant, this property presents a compelling long-term investment in one of New England’s most resilient and affluent markets.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Akwa Vista LLC
- Professional, Scientific, and Technical Services
- -
- -
- -
- Beliveau David M Law Office
- Professional, Scientific, and Technical Services
- -
- -
- -
- Cannascribe Wellness Of Massachusetts
- -
- -
- -
- -
- Celebree School
- Educational Services
- -
- -
- Sep 2035
- Edward A Shapiro PC
- Professional, Scientific, and Technical Services
- -
- -
- -
- Financial Planning Solutions LLC
- -
- -
- -
- -
- Innovative Real Estate Investments
- Finance and Insurance
- -
- -
- -
-
- Real Estate
- -
- -
- -
Robbins Property Associates (RPA) is a private real estate company that combines experienced and proven investment capabilities with a best-in-class team of real estate operations professionals. Steve and Mitchell Robbins founded RPA in 2009 with the purchase of a single asset in Tampa, Florida. Shortly thereafter, Kristi King teamed up to run operations and together created a dynamic, vertically integrated multifamily owner-operator platform. Over a decade, RPA-managed entities have purchased over 21,000 units ($2.5B total capitalization), have third-party managed 8,000 units, and have deployed over $750M of equity across six states. RPA currently maintains $1.2B in assets under management, leveraging a vertically integrated platform with in-house expertise spanning acquisition, financing, property management, and construction management capabilities. RPA currently owns and operates a portfolio of over 5,500 units in Florida.
- Southworth Development Llc
- Real Estate
- -
- -
- -
- Tufts Associates
- Finance and Insurance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Akwa Vista LLC | Professional, Scientific, and Technical Services | - | - | - | ||
| Beliveau David M Law Office | Professional, Scientific, and Technical Services | - | - | - | ||
| Cannascribe Wellness Of Massachusetts | - | - | - | - | ||
| Celebree School | Educational Services | - | - | Sep 2035 | ||
| Edward A Shapiro PC | Professional, Scientific, and Technical Services | - | - | - | ||
| Financial Planning Solutions LLC | - | - | - | - | ||
| Innovative Real Estate Investments | Finance and Insurance | - | - | - | ||
|
|
Real Estate | - | - | - | ||
| Southworth Development Llc | Real Estate | - | - | - | ||
| Tufts Associates | Finance and Insurance | - | - | - |
PROPERTY TAXES
| Parcel Number | NEWT-000084-000034A-000006 | Improvements Assessment | $4,310,811 CAD |
| Land Assessment | $1,399,890 CAD | Total Assessment | $5,710,701 CAD |
PROPERTY TAXES
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Celebree School - Newton, MA | 120 Wells Ave
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